I’m going to let you in on a secret. Nobody really cares about your meal posts. Your “humblebrags” typically result in eye-rolls, not envy. And, I hate to say it, but only people whose names start with “Grammy” are viewing your 50th kid photo. But, there is a new player who is very interested in your social media posts: your insurance company.
New York recently released guidelines allowing life insurance companies to use data from social media to determine premiums. So your photos of rock climbing, driving without a seatbelt, hang-gliding, and other risky behavior might result in higher premiums. Other states are sure to follow.
Premiums are not the only consequence of oversharing on social media. Workers Compensation and liability insurance carriers have long mined social media posts to prove injuries are non-existent or that insureds are malingering.
Worse yet are people like Jacob Cox-Brown of Astoria. Astoria police were tipped off of a curious Facebook post of Mr. Cox-Brown where he boasted about driving drunk and hitting a car the night prior. His oversharing resulted in his arrest and certain property damage claim.
We were taught in kindergarten that sharing is good. While that is true, oversharing won’t just bore your viewers anymore. It might just cost you an insurance claim or perhaps even your freedom.
I'm going to let you in on a secret. Nobody really cares about your meal posts. Your "humblebrags" typically result in eye-rolls, not envy. And, I hate to say it, but only people whose names start with "Grammy" are viewing your 50th kid photo. But, there is a new player who is very interested in your social media posts: your insurance company. read more
OK, so no, despite the clickbait title, there is no one little trick to deal with problem owners. Maybe it's the political climate or the phases of the moon, but it sure seems like the "problem owner" issue is out in force right now. Take the Florida community that was recently vindicated in an arbitration against a particularly problematic owner in this Florida article. read more
It has been quite some time since this Blog explored an associations' authority to tow vehicles within their communities (prior blog article can be viewed here). Considering towing is a high-stress situation for most boards and the sheer number of questions we receive related to towing, we thought it would be useful to revisit a few of the basics of this issue. read more
For those of you who keep emailing me asking when I will be speaking next, I have good news! Ok, nobody has actually emailed asking me that (although some have emailed asking me to speak less…). In any event, I will be speaking at Oregon's 2nd Annual Law Day on Friday, February 1 at the Multnomah Athletic Club. My topic is "Risks and Tips on How to Deal With Aging HOA Communities." I will be offering up tips for both physical elements (caulking, inspections, etc.) and risk management (insurance reviews, appraisals, etc.). My intent is to provide tangible tips for HOA's to prolong the life of their buildings. So, if that interests you or if you are suffering from incurable insomnia, feel free to attend. read more
Events of casualty damage, even when some of the damage is covered by an association's insurance policy, can be very expensive for condominium and homeowners associations, primarily because association insurance deductibles are typically tens of thousands of dollars per claim. The deductible expense is really just the portion of the cost to repair that is not covered by insurance, and is often a common expense paid by all owners. Whether an association can pass that expense—often the amount of the association's deductible—directly to the owner who caused the damage, or to the owners whose units were damaged, often depends on the provisions of an association's recorded declaration. read more